5. Real Estate
Service-based businesses are popular franchises to open, especially post-recession, considering the lower startup costs.
The real estate sector is poised for growth. Linked to the housing recovery, the number of real estate franchises is expected to rise 1.6% in 2013.
According to the IFA forecast, sales of new homes is expected to rise by 19% in 2012. Sales of existing single-family homes, co-ops and condos are forecast to be up 8.5% in 2012 and 8.9% in 2013.
"People don't think about real estate brokers as being franchises," says Matt Haller, spokesman for the IFA. "That's a huge opportunity for people that want to get into [real estate] because people are buying homes again. Every month the numbers seem to continue to get better again."
-- Written by Laurie Kulikowski in New York.
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